H&M's latest announcement could have MAJOR repercussions

to more than 850,000 textile workers by 2018. After expressing frustration over the failure of government to address lackluster working conditions in a timely manner, the Swedish apparel retailer says it will implement its new pay structure at three factories—two in Bangladesh and one in Cambodia—in 2014 before scaling up the model to the 750 factories it works with over the next four years. “It has always been our vision that all textile workers should be able to live on their wage,” the company says in a statement. “We believe that the wage development, driven by for example governments in some countries, is taking too long, so we want to take further action and encourage the whole industry to follow. With size comes responsibility and we have the ability to contribute to change.”